Introduction
The goal is to ignite the "spark" of the "Bit Civilization" and pass on wisdom through this social experiment. The vision is to establish a global DAO collaborative system that transcends boundaries and creates an on-chain super economy. The core principles of openness, fairness, decentralization, and transparency guide the creation of FireDAO and aim to set a model for global DAO organizations.
Expansion Of FireDAO Ecosystem
FireDAO is an autonomous social organization known as a DAO, driven by the concepts of PID and FID Soulbound accounts. Its primary objective is to establish a community-led on-chain economy. By utilizing various types of SBTs and calculating an "on-chain reputation" score, FireDAO aims to create a native Web3 on-chain DID identity protocol with the Soul Account at its core. In the initial phase of expanding the FireDAO ecosystem, the primary focus is to construct a comprehensive Web3 on-chain DID identity system. The goal is to rapidly reach 100,000 minted PIDs and 10,000 minted FIDs, positioning FireDAO as one of the most influential global DAO communities. As the number of PIDs and FIDs continues to increase, the Web3 identity protocol will serve as the fundamental infrastructure for the entire Web3 world. This protocol can be seamlessly integrated by any crypto project, within or outside the FireDAO ecosystem, facilitating transparent and open interactions among community members and various Web3 products. These efforts align with the scenarios outlined in the research paper authored by Vitalik Buterin and others.
How To Join
Users can obtain a FirePassport and a PID through the registration contract, granting them basic participation rights in the ecosystem. By minting a PID, users also gain access to the FireDAO forum for discussions and contribution to the global social system. To prevent spam accounts, a small ETH registration fee is charged for each PID. FireSeeds are passed on within the Web3 encrypted community, and possessing a FireSeed allows users to mint a FireSoul account and generate an FID (Fire Identity). This makes them a full participant as a Rainbow Warrior in FireDAO. The FireSoul account serves as the Soul Account for official DAO members, stored as an ERC721 token that cannot be transferred. It contains different SBTs that reflect the member's community behavior and contributions.
Community Governance
FireDAO is an autonomous economy driven by community participation and ownership. Each community member has a sense of ownership and participates in collective decision-making through referendum voting. The governance token, FDT, grants ownership rights within the FireDAO community. Unlike traditional DAOs, FireDAO's governance activities revolve around the FireSoul Account. The community will establish a community governance DAO as the highest governing body. Each official member holds a Soul Account and is assigned an FID, which represents their "on-chain reputation" (FRT). The number of FRT determines voting rights for community governance. Members without an FID have limited rights within the FireDAO ecosystem. Initially, RainbowCity Foundation governs the FireDAO community in a centralized manner, but an interim management team is formed for global community governance. As FireDAO's development progresses, authority will gradually transition to the community governance DAO, enabling decentralized governance through community referendums.
Tokenomics
This introduces the tokenomics model of FireDAO, which follows a "3+2+7+1+X" structure. In the early stages, more than 10 different tokens will be utilized to support and expand the on-chain economy. Community behavior badges tailored to specific ecosystems will be established later on. FireDAO's goal is to become a self-sustaining, continually circulating, and growing on-chain super economy that embodies the essence of encryption. Additionally, FireDAO will serve as the native on-chain DID identity protocol for the entire Web3 world. The "3" in the model represents three ecosystem tokens: FireDAO Governance Token (FDT), FireDAO Incentive Token (FLM), and FireDAO Identity Token (FireSeed).
Roadmap
For More Information About the Project:
Website: http://www.firedao.co/
Twitter: https://twitter.com/FireDAOlab
Telegram: https://t.me/FireDAOEN
YouTube: https://www.youtube.com/@FireDAOlab
BTT Link: https://bitcointalk.org/index.php?action=profile;u=2247475
Author: abeexy